FNN

FNN: Lifts trading halt. Details reasons to accept offer at HK$0.28. 1) The consideration offered is higher than any of the prices per share in the last 3 yrs up to pre-announcement trading day. 2) The share price may not remain at current level after the offer lapses. 3) The joint offerors will not be able to make another offer within 12 mths thereafter and given their combined ownership of 73.33%, no other 3rd party is likely to be able to make another offer without their support. 4) Cancellation consideration is at 19.3% discount to NAV which is comparable to other property development and invt companies.